Spot rubber improves with futures
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Domestic rubber prices turned better on Saturday. On the spot, the market opened steady and improved later following moderate gains in futures.
Sheet rubber firmed up to Rs. 215 (214) a kg, as quoted by the traders.
The grade increased to Rs. 214.50 (214) a kg both at Kottayam and Kochi, according to the Rubber Board.
In the futures market, the October series expired at Rs. 218.25 (214.80) a kg, while the November series improved to Rs. 216.20 (214.59)December to Rs. 218.39 (216.64), January to Rs. 221.55 (219.90), February to Rs. 223.96 (222.74) and March to Rs. 226.01 (223.70) a kg on National Multi Commodity Exchange.
Physical rubber rates (Rs/kg): RSS-4: 215 (214), RSS-5: 212 (211), Ungraded: 206 (205), ISNR 20: 205 (204) and Latex 60 per cent: 130.50 (130).
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Source : Business
Line
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